Granite Creek Apartments | 1501 Cobble Creek Circle, Rocklin, CA 95677 | 80 Units | $19,550,000 | $244,375 Per Unit | $270.12 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (July 24, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $19,550,000 / $244,375 Per Unit / $270.12 Per SF sale of Granite Creek Apartments, an 80-unit multifamily apartment community located in Rocklin, California. The Buyer and Seller were represented by ABI Multifamily's Phoenix-based Institutional Arizona Team - Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick who worked in conjunction with ABI Multifamily’s California office.
The Buyer and Seller are based in California.
The Granite Creek Apartments is an 80-unit, garden-style apartment community located in Rocklin, CA. Situated on Sierra College Boulevard just south of Rocklin Road, residents enjoy access to Downtown Sacramento directly via an approximate 30-minute drive by way of the Interstate-80. In addition, a multitude of neighborhood conveniences and services are located nearby such as Walmart Supercenter, Target, Safeway, and Trader Joe’s. Furthermore, a variety of shopping, dining, and entertainment options are available within a 10-minute drive at the Westfield Galleria at Roseville shopping mall which is anchored by big box stores such as Macy’s, Nordstrom, and JCPenney and features restaurants and entertainment venues such as The Cheesecake Factory, Ruth’s Chris Steak House, Round1 Bowling & Amusement, and Cinemark Movie Theater.
Completed in 2002, the Granite Creek Apartments is constructed of wood frame, with pitched composition shingle roofing. The property features an attractive unit mix which consists of 32 one-bedroom / one-bathroom units and 48 two-bedroom / two-bathroom units with a weighted average of 905 SF. Each unit is individually metered for all utilities with individual hot water heaters. Unit interiors feature air conditioning / heating, washer / dryer appliances, fireplace, patio / balcony, high speed internet access, and fully equipped kitchens. The community also provides its residents with a swimming pool / spa, private individual garages (subject to availability), clubhouse, fitness center, children’s playground, and controlled accessgated entry.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.